S03-S2 The Impact of Earthquakes on Regional Housing Markets and Regional Economic Development
Tracks
Special Sessions
| Thursday, August 31, 2017 |
| 4:00 PM - 5:30 PM |
| AB A8 (0008) |
Details
Conveners: Roderik Ponds, Harry Garretsen, Gerard Marlet / Chair: Gerard Marlet
Speaker
Prof. Luciana Lazzeretti
Full Professor
Università degli Studi di Firenze
Prof. Carl Koopmans
Full Professor
Vrije Universiteit
Earthquakes and property prices: a literature review
Author(s) - Presenters are indicated with (p)
Carl Koopmans (p), Ward Rougoor
Discussant for this paper
Luciana Lazzeretti
Abstract
A meta-analysis of international literature shows that the risk of earthquakes has a negative impact on house prices. This effect is related to the intensity of the expected earthquakes. The earthquake risk effect does not differ significantly in peer-reviewed studies from other papers. Whether there actually has been a recent earthquake has no significant impact on the effect of earthquake risk. Some studies show that risk perception may change over time and that it can be influenced by communication from media and governments. Risk reducing measures (reinforcing houses) may lower the price effect. Studies using (owner or realtor) estimated house values report a wider range of price effects than studies using transaction data.
Dr Gerard Marlet
Senior Researcher
University of Groningen
Should I stay or should I go? Researching the limited effect of earthquakes on housing prices in Eastern Groningen by analyzing motives for sale and moving behavior
Author(s) - Presenters are indicated with (p)
Heleen van Beek, Gerard Marlet (p), Clemens Van Woerkens, Roderik Ponds
Discussant for this paper
Carl Koopmans
Abstract
See extended abstract
